Agreement for Annuity; Notice

  1. Law
  2. Georgia Code
  3. Insurance
  4. Charitable Gift Annuities
  5. Agreement for Annuity; Notice

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  1. When entering into an agreement for a qualified charitable gift annuity, the charitable organization shall disclose to the donor in writing in the annuity agreement that a qualified charitable gift annuity is not insurance under the laws of this state and is not subject to regulation by the Commissioner of Insurance or protected by an insurance guaranty association.
  2. The notice provisions required by this Code section must be in a separate paragraph in a print size no smaller than that employed in the annuity agreement generally.

(Code 1981, §33-58-3, enacted by Ga. L. 2000, p. 868, § 1.)

Code Commission notes.

- Pursuant to Code Section 28-9-5, in 2000, "Commissioner of Insurance" was substituted for "Insurance Commissioner" in subsection (a).


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